Current Affairs Quiz-September, 2020

Notes:
Briton Jane Fraser has been named the new chairperson of the American multinational investment bank Citigroup.
Jane Fraser is set to become the first woman head of the Group. She is currently the President and head of global consumer division of the group. The present head of the group Michael Corbat would retire in February 2021 after 37 long years of service in the group.

Notes:
The Reserve Bank of India (RBI) has issued guidelines regarding Compliance Functions in Banks and Role of Chief Compliance Officer (CCO).
The guidelines direct that all banks should have a board approved Compliance Policy and Appointment of CCO. The CCO shall be a senior executive of the bank, preferably in the rank of a General Manager.

Notes:
Former Union Minister Raghuvansh Prasad Singh passed away recently. He succumbed to post-COVID19 illness at AIIMS.
He was from Bihar and belonged to Rashtriya Janta Dal (RJD), which he resigned few days ago. Singh is often called the architect of the MNREGA scheme, which was implemented when he was the Union Minister for Rural development.

Notes:
National Engineers Day is celebrated on September 15 across the country, to mark the birth anniversary of eminent engineer M Visvesvaraya.
Mokshagundam Visvesvaraya was born on September 15, 1861 in Karnataka. He served as the Chief engineer in Mysore and had contributed to several technical projects in Hyderabad, Mysore, Maharashtra and Odisha, including the block system of irrigation in the Deccan canals.

Notes:
The state government of Gujarat has signed a Memorandum of Understanding (MoU) with the Small Industries Development Bank (SIDBI).
Under this deal, the state aims to increase self-reliance and provide capacity building and market support to the 35 lakh Micro-small-medium enterprises (MSMEs) of the state. Earlier, Rajasthan had partnered with SIDBI to develop MSME ecosystem.

Notes:
As per an official Government data, more than 1600 Indian companies have received Foreign direct investments (FDI) worth USD 1 billion from China from April 2016 to March 2020.
The investments were received by companies in 46 sectors. Among them, automobile industry, printing of books, electronics, services and electrical equipment received the highest FDI.

Notes:
The Lok Sabha has passed the Salary, Allowances and Pension of MPs (Amendment) Bill, 2020.
The Bill would reduce the salaries of Members of Parliament by 30 % for a period of 1 year to meet the exigencies arising out of the COVID-19 pandemic. Earlier this year, the government had brought an ordinance in this regard.

Notes:
The Uttar Pradesh government has recently announced that it will give cows to the families of malnourished children in the state.
This programme has been launched as a part of ‘Poshan Maah’ (Nutrition Month) launched for the month of September across the country. The UP government would be carrying out this exercise under the ‘Chief Minister Destitute Cow Participation Scheme’.

Notes:
Israel, United Arab Emirates and Bahrain have signed the Arab Accord. It is the first Arab – Israel accord in 26 years.
The signing ceremony was held at White House, USA in an event hosted by the President Donald Trump. As per the agreements, UAE and Bahrain will establish embassies, exchange ambassadors, cooperate and work together with Israel.

Notes:
The Global Initiative on Reducing Land Degradation was launched in the G 20 – Environment Ministerial Meeting (EMM) that was held in a virtual mode under the leadership of Saudi Arabia.
It aims to strengthen the implementation of existing guidelines on prevention of land degradation among the G20 member countries. In addition to the initiative on land degradation, the Global Coral Reef R&D Accelerator Platform was also launched which aims at R&D in all aspects of Coral Reef.